Since late September, the topic of power rationing in many places has attracted much attention. Behind the curtailment is the high coal price. Why is the price of coal rising so sharply?
Industry insiders analyzed that the main reason for the current round of power outages and curtailments was the imbalance between supply and demand. On the one hand, due to the national coal shortage, high coal prices, and the inversion of coal and electricity prices, many provinces are currently experiencing power shortages; on the other hand, demand for electricity has soared.
Lin Boqiang, dean of the China Energy Policy Research Institute at Xiamen University, told Chinanews.com that from the perspective of coal prices, my country’s coal prices are currently at a historical high.
“On the demand side, electricity grew particularly fast from January to August this year, and demand for coal rose sharply. On the supply side, due to factors such as environmental protection, mining has declined. In addition, oil and gas and other commodities are on the rise globally. , To a certain extent, also contributed to the rise of coal prices.”
Lin Boqiang also emphasized that thermal coal China has basically achieved self-sufficiency, but when supply and demand are tightly balanced, imports will fluctuate a little, which will also affect prices, but the proportion of China’s imported coal is already very small.
According to Lin Boqiang, on the supply side, China’s main coal mining companies are state-owned enterprises. Therefore, it is relatively easy to release production capacity. Encourage the increase of production capacity. This is the first point. On the demand side, certain restrictions can be imposed on high-energy-consuming industries, such as electrolysis. The aluminum electrolytic copper industry has reduced production and restricted production, reducing demand pressure.
CICC believes that the tight coal supply and demand this year is a combination of multiple factors. Looking back, the core concern is whether the production capacity can be released as soon as possible.
CICC pointed out: “Recently, the National Development and Reform Commission required that power plants keep coal stocks between 5-12 days in winter. This is also to prevent some power plants from excessively hoarding coal and causing unnecessary tension. In the long run, as new capacity increases Investment and demand gradually return to normal levels. We believe that the current extreme mismatch between supply and demand can be reversed.”
– THE END –
Please indicate the source for reprinting: Fast TechnologyReturn to Sohu to see more
Editor:
Disclaimer: The opinions of this article only represent the author himself. Sohu is an information publishing platform. Sohu only provides information storage space services.
.